The time was ripe for management to address the problems and any measures that might shore up some confidence in what was beginning to look like a penny stock are clearly welcome, dividend cuts, asset selling and a new debt reduction plan appear to be doing the trick.

Brenda Kelly

Categorized in : Company News

The initial reaction in financial markets has been airline stocks all lower, and safe-haven capital flow with gold, German government bonds and the Japanese yen in demand, the news has certainly overshadowed much of the euro zone economic data this morning.

The FTSE is now in a bear market and should we close below 5,700, a psychological level in itself, we may well see the 5,620 level and even sub-5,600 in a very short time, it's not a pretty sight with every single sector in the red.

The market is very much expecting that this will only bolster a Fed hike this month, i think we got our Goldilocks number.

Judging by the market reaction, specifically 2-year yields, the market is very much expecting that this will only bolster a Fed hike this month, i think we got our Goldilocks number.

It now seems likely that the present stimulus programme could be extended beyond September 2016 and the spectre of negative rates could well be imminent, as we have come to expect from the head of the ECB, Draghi is leaning towards pro-action rather than reaction.

There is softness on the market on concerns over the Chinese econ... by Brenda Kelly

There is softness on the market on concerns over the Chinese economy.

I think we can probably come to expect GDP number later on this week of less than 7 percent. It's going to be very difficult for China to actually come good on that one.